CARSON CITY, January 19, 2023 (GLOBE NEWSWIRE) — CARSON CITY, NV —
Talisman General Insurance Company LLC
is a Nevada-based protected cell captive insurance company that invites small, medium and large business owners and professionals to learn more about our program business solutions.
“Programme business” is an insurance industry term for self-insurance that meets certain criteria. Companies within these groups are correlated based on the type of risk they are exposed to in their chosen industry. For example, emergency services companies, general contractors, consumer auto service companies, and even certain types of medical service providers are good candidates to pool and offer tailored program business solutions.
A spokesperson for Talisman Casualty Insurance Company said of the need for a programmatic business insurance structure in the modern U.S. economy: This passion for making your own is the underlying reason for American ingenuity. increase. The commercial insurance industry has historically lagged far behind in keeping up with radical ways of theorizing, testing and implementing entirely new business models. For these pioneers, self-insurance with programmatic business solutions is one of the best ways to try new things and expand their reach without jeopardizing core aspects of their business. “
The modern insurance market has insurance professionals such as Talisman Casualty Insurance Company. They recognize the shortcomings of traditional insurers and use their creativity to change the way customers seek risk coverage. This fragmented nature of the risk management industry is also what creates innovation and enables entrepreneurs to monetize their ideas faster and more efficiently than ever before.
When asked how utilizing a cell captive insurance model would help entrepreneurs seeking programmatic business solutions, a company spokesperson said: The model can be tested in-cell, allowing the ease and flexibility of changing underwriting methods, risk management and risk ceding to allow the management of general agents, general underwriters, associations, industry groups and any sector. Programs can be tailored to provide opportunities for of markets with limited access to insurance that can participate in all stages of design and management. Reduced costs, enhanced service and sharing of underwriting profits with the insured are just some of the benefits of program business with cell captive insurance. “
Finally, a company spokesperson explained why their program business solution is the best on the market: First, our flexibility is unmatched, underpinned by highly creative risk management that increases business efficiency. Second, our analytics capabilities allow us to modify programs on-the-fly and tailor them to specific groups of program participants with similar goals. We then offer our clients many structured coverage options for transferring risk, especially the kinds that require a flexible underwriting platform. Finally, the integration of homogenous risk types into cell programs will enable direct negotiation of risk transfer in international insurance markets, leading to significant savings for cell participants. “
Talisman Casualty Insurance Company policies and bonds are duly licensed, regulated and authorized insurance transactions in accordance with the laws of the Nevada Department of Insurance. Bonds and insurance policies are available to principals who join the captive as participants by entering into a participation agreement and becoming a shareholder. All capital, surplus funds, reserves and financial records of Talisman are maintained in accordance with the provisions and regulations of NRS Chapter 694 C (Captive Insurers).
Business owners looking to implement a programmatic business insurance solution should visit Talisman Casualty’s website to learn more. The website also provides information about Talisman’s litigation avoidance strategy, the company’s advanced claims processes, underwriting capabilities, and more.
For more information about Talisman General Insurance Company, please contact the company here.
Talisman General Insurance Company
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117